Trump administration ‘uniquely qualified’ to tackle housing crisis, real estate expert says
The Connor Group founder and managing partner discusses what needs to happen to free up the housing market and the impact of regulation on California’s post-fire recovery.
The key to America’s housing crisis may lie in the Trump administration, according to one real estate expert.
Larry Connor, Connor Group founder and managing partner, explained how the new management can address Persistent problems plaguing the housing industry During his appearance on “Fox Business Live,” Thursday.
“The reality is, in some cases, we have an affordable housing problem across America [a] crisis. You can solve it. I think the Trump administration is uniquely qualified to do that,” he expressed.
Connor said the first step in addressing the nation’s housing issue is “common sense regulations.”
“You can’t have 30 or 40% of your total costs in permits and red tape,” he stressed.
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On Wednesday, President Donald Trump has issued an emergency order Directing the heads of all executive departments and agencies to “deliver emergency relief,” which he stressed would include reducing housing costs and expanding supplies.
The Trump administration has cited regulatory requirements as a major driver of why so many Americans are unable to buy homes. In his first term, Trump cut regulatory costs by nearly $11,000 per household, White House he said in the fact sheet.
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While he is against tight regulations that limit growth in the housing sector, Connor suggested putting “tight regulations” on developers, “in terms of the quality of the construction and the quality of how they maintain it.”
“You can’t ask a developer to spend $70 million building this Affordable housing. And when they’re done, it’s worth 65 million,” he claimed.
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” The economy must workConnor told Fox Business’ Cheryl Casone.
The founder of the Connor Group continued, arguing that the next step in curing the affordable housing market is to create low-interest loans at the federal level.
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Trump echoed those sentiments during His remarks at the World Economic Forum On Thursday, arguing that he would “demand that interest rates fall immediately” and that “they should fall all over the world.”
Finally, a last-ditch effort to combat the problem, Connor said, is through tax credits.
“Do all that. Unleash the full power of the free enterprise system,” he explained.
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Fox Business’ Daniella Genovese contributed to this report.
